Ethereum’s price action has formed a consolidation pattern between $ 2,500- $ 2,540 with falling volume, suggesting accumulation rather than distribution.
Cryptocurrency remains trapped under the critical $ 2,800 resistance level, which has served as a barrier several times in recent weeks, with dealers who carefully look at an outbreak that could trigger renewed momentum against $ 3,000.
Meanwhile, stacking activity has reached record levels with over 35 million ETH now locked, which potentially reduces circulating supply as geopolitical uncertainties continue to inject volatility across the financial markets.
Technical analysts note that Ethereum may be approaching a potentially ‘Golden Cross’-Bullish signal that occurs when the 50-day sliding average increases over the 200-day indicator that has historically prior to significant upward trends.
Technical analysis distribution
- ETH experienced a 4.05% commercial area ($ 106.11) over 24 hours with a sharp fall of $ 2,564.28 to $ 2,455.95 followed by improvement.
- Strong volume support occurred at the $ 2,490- $ 2,500 zone, establishing a critical technical floor that rejected several downward tests.
- Price action formed a consolidation pattern between $ 2,500- $ 2,540 in the latter half of the period, with decreasing volume suggesting accumulation rather than distribution.
- ETH experienced a significant bullish breakout at. 11:43, waving from $ 2,506 to $ 2,517 with high volume in particular (5,876-8,096 units).
- A sales pressure emerged around $ 2,515, creating a falling channel culminating with a sharp decline to $ 2,503 between 12: 19-12: 22.
- The hourly spruce formed a clear V-shaped recovery pattern with $ 2,503- $ 2,504 zone established as critical short-term support.
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